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Bitcoin

Institutional encryption products see $ 2,000,000,000 in flows amid the transformation of “dramatic” feelings: Coinshares

Coinshares Director of Asset Manager Crypto says that institutional investors have poured $ 5.5 billion in encryption over the past three weeks.

According to its latest digital assets per week a reportCoinshares says that Crypto products enjoyed two billion dollars last week.

“Investment products in digital assets recorded a third week in a row of flows, with a total of $ 2 billion last week. This brings total flows during the past three weeks to 5.5 billion US dollars, which represents a major morale after nine weeks of important external flows.

Total flows from one year to the date of (YTD) now is $ 5.6 billion, while the recent price movements have witnessed total assets under management (AUM) rising to $ 156 billion, which is the highest point since mid -February this year. “

Source: Coinshares

At the regional level, the United States led the world with $ 1.9 billion in flows. Canada, Switzerland and Germany have made $ 20 million, 34 million dollars and 47 million dollars of additional consecutive flows.

According to the usual, Bitcoin (BTC) enjoyed the lion’s share of flows last week at $ 1.8 billion.

“ETHEREUM has witnessed a second week of solid flows, which total $ 149 million, raising the last two weeks of flows to $ 336 million. The competitor Solana has witnessed simple flows of $ 6 million.”

XRP products achieved $ 10.5 million in flows, while Cardano (ADA), SUI products brought $ 1.2 million and $ 0.3 million, respectively. Investing in multiple assets, which invest in a basket of encryption assets, has $ 1.9 million in flows.

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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.

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